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    1331 W Franklin St Evansville, IN 47710

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    For Sale
    $550,000

    Meticulously renovated historic building, ideal for restaurant or retail investors.

    Lot size:
    0.28 Acres

    Property Features for 1331 W Franklin St

    General Information

    Lot size
    0.28 Acres

    Source: NAI Prime Commercial Agent Scott Hyatt, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Historic Building For Sale

    The property at 1331 W Franklin St is a renovated historic building, originally constructed in 1919 and restored in 2014. The 6,228 square foot property is suitable for restaurant or retail investors. It is zoned C-4, offering flexibility for various commercial uses. The sale includes all furniture, fixtures, equipment, and a liquor license. The property also features two AirBnBs for additional revenue. The modernized infrastructure ensures low maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TED: Trolley of Evansville ... Transportation Service Lamasco Bar Bar bar Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Just Rennie's Catering, Old Tyme Deli & Meat Shop, Bayou Boys

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.53924
    Latitude
    37.979645

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    FAQs

    What type of property is this?
    Restaurant - Meticulously renovated historic building, ideal for restaurant or retail investors.
    Where is this restaurant located?
    The property is located at 1331 W Franklin St Evansville, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Includes all furniture, fixtures, equipment, and liquor license.; - Prime location in the heart of Evansville.; - Meticulously renovated historic building (originally built in 1919, restored in 2014).
    (812) 430-4989
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    1331 W Franklin St Evansville, IN 47710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1331 W Franklin St Evansville, IN 47710
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